🔹 Market Setup Sharp fall → Recovery bounce ongoing Still below major resistance zones Event-heavy trigger ahead (Election Results) 🔹 Nifty (24,000 zone) Price near 24,000 (psychological level) Resistance: 24,200 – 24,400 (supply + averages zone) Support: 23,800 → 23,600 (recent base) Bollinger: Price near mid–upper band → recovery, not breakout RSI: Around 50–60 → momentum improving but neutral 👉 Structure: Pullback inside broader correction 🔹 Bank Nifty (54,800 zone) Resistance: 56,000 – 56,500 (200 DMA zone) Support: 54,300 → 53,500 Price below major averages → trend not fully strong yet RSI near mid-zone → no strong momentum yet 👉 Structure: Range-bound recovery 🔹 OI Data Insights (Key Levels) Nifty Heavy Call OI: 24,200 – 24,500 → strong resistance Put OI build-up: 23,800 – 23,500 → support zone Bank Nifty Call OI: 55,500 – 56,000 → supply area Put OI: 54,000 – 53,500 → base support 👉 Indicates range unless strong trigger 🔹 Key Triggers 🗳️ Election Results (Monday) → sentiment + volatility 🛢️ Crude Oil Rising → pressure on market Cooling → supportive 🌍 Hormuz / global developments Positive news → upside support Risk events → downside pressure 🔹 Summary Market in recovery but under resistance OI confirms range-bound setup Event outcome will decide next move Expect high volatility near key levels !ONGC

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